LITTLE CANADA RECREATION ASSOCIATION INC (EIN 411530086) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1957

Legal Domicile

Principal Officer

JON JORIMAN

Phone

6512332731

Tax Period

2024-01-01 to 2024-12-31

LITTLE CANADA RECREATION ASSOCIATION INC, founded in 1957, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. The organization ran a surplus of $79K, a strong 32% operating margin.

Mission

COMMUNITY RECREATION ACTIVITIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $945

Program Service Revenue $0

Investment Income $43,251

Other Revenue $203,809

TOTAL REVENUE $248,005

Expense Breakdown

Grants Paid $24,192

Salaries & Benefits $8,800

Fundraising Expenses $0

Program Expenses $167,565

Other Expenses $135,902

TOTAL EXPENSES $168,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,005	$237,761	+0.0%
Expenses	$168,894	$171,854	0.0%
Net Income	$79,111	$65,907	+0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MORELAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
TOM RAY	DIRECTOR	1.00	Director	$0	$0	$0
RICK PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
DANETTA LAVELL	DIRECTOR	1.00	Director	$0	$0	$0
MARK BARSNESS	DIRECTOR	1.00	Director	$0	$0	$0
JON JORIMAN	CEO	5.00	Officer	$0	$0	$0
NANCY RHOADES	TREASURER	5.00	Officer	$0	$0	$0
LIZ KAYTOR	SECRETARY	5.00	Officer	$0	$0	$0
KATIE MCGINNITY	GAMBLING MANAGER	40.00	Key Emp	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$248,005	$168,894	$928,290	$79,111
2023	$237,761	$171,854	$846,396	$65,907
2022	$26,060	$554,005	$745,884	$-527,945
2021	$446,249	$203,681	$1,413,951	$242,568
2020	$130,494	$49,632	$1,140,854	$80,862
2019	$212,177	$217,670	$1,023,094	$-5,493
2018	$314,220	$131,750	$1,008,555	$182,470

LITTLE CANADA RECREATION ASSOCIATION INC